U.S. Bancorp
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Financials : Banks | Large Cap Value
Company profile

U.S. Bancorp is a financial services holding company. The Company provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing. Its banking subsidiary, U.S. Bank National Association, is engaged in the general banking business and offers commercial and consumer lending, lending services, depository services and ancillary services. Its non-banking subsidiaries offer investment and insurance products to the Company's customers principally within its domestic markets, and fund administration services to a range of mutual and other funds. The Company's bank and trust subsidiaries provide a range of asset management and fiduciary services for individuals, estates, foundations, business corporations and charitable organizations.

Premarket

Last Trade
Delayed
$48.55
0.15 (0.31%)
Bid
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Ask
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B/A Size
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Market Hours

Closing Price
$48.40
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
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Day's Low
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Volume
(Light)
Volume:
411

10-day average volume:
6,525,657
411

UPDATE: Activision Blizzard stock drops on disappointing outlook

4:43 pm ET October 29, 2020 (MarketWatch)
Print

By Wallace Witkowski

Activision Blizzard Inc. shares fell in the extended session Thursday after the videogame publisher's December-quarter outlook fell well short of Wall Street expectations.

Activision (ATVI) shares fell 5.8 % after hours, following a 1.6% decline in the regular session to close at $77.77.

The company forecast adjusted fourth-quarter earnings of 63 cents a share on revenue of $2 billion, while analysts surveyed by FactSet had forecast earnings of $1.11 a share on revenue of $2.62 billion.

For the year, Activision expects adjusted earnings of $3.08 a share on revenue of $7.68 billion, while the Street had estimated $3.30 a share on revenue of $7.94 billion.

Read: Videogames are about to get more expensive for the first time in 15 years (https://www.marketwatch.com/story/the-age-of-70-videogames-has-arrived-11602257572)

The company reported third-quarter net income of $604 million, or 78 cents a share, compared with $204 million, or 26 cents a share, in the year-ago period. Adjusted earnings, which exclude share-based compensation expenses and other items, rose to 88 cents a share from 38 cents a share in the year-ago period.

Revenue rose to $1.95 billion from $1.28 billion in the year-ago quarter.

Analysts had forecast earnings of 65 cents a share on revenue of $1.69 billion, while the company had forecast 75 cents on revenue of $1.8 billion.

Separately, the company said it would release "World of Warcraft: Shadowlands" on Nov. 23, after the company had delayed its planned late October release (https://www.marketwatch.com/story/activision-blizzard-delays-world-of-warcraft-update-11601586893).

-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 29, 2020 16:43 ET (20:43 GMT)

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